Ask Question
6 November, 17:14

Suppose you deposit $200 today into a bank account with a variable interest rate and will receive a payment in one year. True or False: If during the year the interest rate rises, this increases the future value of your investment.

a. True

b. False

+3
Answers (1)
  1. 6 November, 17:35
    0
    a. True

    Explanation:

    the increase in interest rate will decrease the future value of the investment.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose you deposit $200 today into a bank account with a variable interest rate and will receive a payment in one year. True or False: If ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers